Evansville-based Old National Bancorp has signed an agreement to buy the 65 Indiana branch offices of Charter One, according to a filing with the Securities and Exchange Commission.
Charter One is owned by Citizens Financial Group of Providence, R.I.; Citizens is owned by Royal Bank of Scotland Group Plc.
The deal includes $397 million of deposits and $15.9 million in loans.
Charter One has five locations in the Indianapolis area.
The purchase price will be determined when the deal closes.